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Using a real world experience in a free market (not government regulated) to explain a change that occurred in supply or demand as a result of world events that led to the need for a move among two equilibrium states. Describe the process of how that movement occurred using behaviours of customers and suppliers. Graph the movement between the two points as well.

Required Elements:

Include academic research to support your ideas

Consider the Law of demand and the determinants of demand

Consider the Law of supply and the determinants of supply

Explain efficient markets theory

Describe Surplus and shortage

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91227345

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